Description
Digiext provides low-cost and convenient ICT-enabled agriculture extension, which uses data gathered by satellites and drones, weather information and soil sensors as well as other data driven farming practices to disseminate relevant production information to smallholder farmers at the right time in a cost-effective manner
Market Opportunity/ Problem
Insurance companies and banking institutions in Africa are often hesitant to provide their services to smallholder farmers due to the absence of granular data on the farmers and lack of risk mitigation strategies like crop health monitoring, weather monitoring, post-harvest loss prevention etc. Digiext eliminates these barriers to credit and access to insurance product through its blockchain enabled smart agri-supply chain system that makes risk assessment, forecast and mitigation easier for banking and insurance companies
Company Information
Years of operation
3.5
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Financial services
Agriculture value chain(s) focus?
Food crops
Primary country of operation
Ghana
Other country(ies) of operation
Kenya, Nigeria, Uganda, and Cameroon
How many employees does your business have?
30
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
Are open to either